HEFAvsEFAXETF Comparison
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iShares Currency Hedged MSCI EAFE ETF (HEFA) and SPDR MSCI EAFE Fossil Fuel Reserves Free ETF (EFAX) belong to the same industry segment: DM Large & Mid Cap. Both ETFs have the same top 3 sector exposures: Financials, Industrials and Health Care. HEFA is more expensive with a Total Expense Ratio (TER) of 0.7%, versus 0.2% for EFAX. HEFA is down -0.23% year-to-date (YTD) with -$80M in YTD flows. EFAX performs worse with -3.6% YTD performance, and +$5M in YTD flows. Run a side-by-side ETF comparison of HEFA and EFAX below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.
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HEFA vs EFAX performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 03/27/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | HEFA EFAX | -8.34%-11.51% | -0.24%-3.68% | -0.23%-3.60% | +15.49%+15.29% | +58.62%+48.27% | +76.70%+39.94% |
| Flows | HEFA EFAX | -$91M- | -$65M+$5M | -$80M+$5M | -$1.98B+$83M | +$1.60B+$122M | +$2.61B+$209M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | HEFA EFAX | +15.48%+16.61% | +16.85%+16.66% | +13.13%+13.92% | +13.70%+15.16% |
| Max drawdown | HEFA EFAX | -9.45%-11.51% | -13.27%-12.63% | -14.34%-14.22% | -14.65%-31.37% |
| Max drawdown duration | HEFA EFAX | 30d26d | 43d27d | 65d53d | 381d910d |
Trading data
HEFA | EFAX | |
Last sale 3/27/2026 at 1:30 PM | $41.22 | $48.04 |
| Previous close 03/26/2026 | $41.60 | $48.57 |
| Consolidated volume 03/26/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of February 27, 2026
1-year trailing difference
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HEFA | EFAX | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 3/27/2026 at 1:30 PM
Live
Closed
HEFA | EFAX | |
|---|---|---|
| Last price | $41.22 | $48.04 |
| 1D performance | -0.91% | -1.10% |
| AuM | $6.59 B | $457.13 M |
| E/R | 0.7% | 0.2% |
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Exposure
Countries
HEFA
Japan
22.74%
United Kingdom
14.38%
Switzerland
9.42%
France
9.4%
Germany
9.07%
Other
35%
EFAX
Japan
22.82%
United Kingdom
13.42%
Switzerland
10.43%
Germany
9.71%
France
9.13%
Other
34.49%
Sectors
HEFA
Financials
23.39%
Industrials
18.94%
Health Care
9.2%
Consumer Discreti.
8.86%
Information Techn.
8.68%
Other
30.93%
EFAX
Financials
23.73%
Industrials
18.38%
Health Care
10.3%
Information Techn.
9.57%
Consumer Discreti.
9.34%
Consumer Staples
7.06%
Other
21.61%
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Diversification
HEFA
Total weight of top 15 holdings out of 15
17.74%
EFAX
Total weight of top 15 holdings out of 15
18.84%
Top 15 holdings
Data as of February 28, 2026
HEFA
ASML HOLDING
2.48%
ROCHE
1.45%
HSBC HOLDINGS
1.43%
ASTRAZENECA
1.39%
NOVARTIS
1.38%
NESTLE SA
1.21%
SHELL PLC
1.04%
TOYOTA
1.01%
SIEMENS
0.98%
MITSUBISHI UFJ FINANCIAL GROUP
0.95%
SAP SE
0.93%
COMMONWEALTH BANK OF AUSTRALIA
0.93%
BHP GROUP LTD
0.92%
BANCO SANTANDER SA
0.86%
SCHNEIDER ELECTRIC SE
0.78%
EFAX
ASML HOLDING
2.72%
ROCHE
1.62%
ASTRAZENECA
1.56%
NOVARTIS
1.55%
HSBC HOLDINGS
1.55%
NESTLE SA
1.36%
TOYOTA
1.12%
SIEMENS
1.07%
MITSUBISHI UFJ FINANCIAL GROUP
1.03%
SAP SE
1.02%
COMMONWEALTH BANK OF AUSTRALIA
1.00%
SCHNEIDER ELECTRIC SE
0.86%
ALLIANZ SE
0.83%
GB00BVZK7T90
0.77%
LVMH MOET HENNESSY LOUIS VUITT
0.77%
Frequently asked questions about HEFA and EFAX
How have the HEFA and EFAX ETFs performed in 2026?
As of March 27, 2026, HEFA is down -0.23% year-to-date (YTD), while EFAX has lost -3.6%. That puts HEFA better performer ahead so far this year.
Which ETF is attracting more investor money: HEFA or EFAX?
Year-to-date, the HEFA ETF saw -$80M in flows, compared to +$5M for EFAX.
Which ETF is more volatile: HEFA or EFAX?
Over the past year, HEFA had a volatility of 16.85%, while EFAX experienced 16.66%.
Which ETF is bigger: HEFA or EFAX?
As of March 27, 2026, HEFA holds $6.59 B in assets under management (AUM), while EFAX manages $457.13 M.
What sectors do the HEFA and EFAX ETFs invest in?
HEFA leans toward sectors like Financials, Industrials and Health Care. Meanwhile, EFAX focuses on Financials, Industrials and Health Care.
What are the top holdings of the HEFA ETF and EFAX ETF?
HEFA top holdings include ASML HOLDING, ROCHE and HSBC HOLDINGS. EFAX holds in its top three: ASML HOLDING, ROCHE and ASTRAZENECA.
Which ETF is more diversified: HEFA or EFAX?
HEFA holds 694 securities with 17.74% of its assets in the top 15. EFAX has 641 securities and a top 15 weight of 18.84%.
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